Hold Aarti Industries; target of Rs 1787: Geojit
Geojit’s research report on Aarti Industries
AARTI Industries Ltd (ARTO) is a global leader in Benzene based derivative products. The company has a diversified product portfolio with end users in pharma, agrochemicals, specialty polymers, paints & pigments. Q3FY19 Revenue & PAT grew by robust 28% & 47% YoY led by broad based growth across segments.
However, given sharp run-up in stock prices we downgrade to Hold from Accumulate with a target price of Rs1,787.
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